The Times Australia
News From Asia

.
The Times Real Estate

.

Taiwan Stock Exchange to visit US in September, engage with major stock exchanges, prominent institutional investors and leading market infrastructure

  • First meeting with US stock exchange management in five years
  • With US leading foreign investment, delegation aims to attract more capital inflow to Taiwan

NEW YORK/HONG KONG SAR/SINGAPORE - Media OutReach - 28 August 2023 - The Taiwan Stock Exchange (the "TWSE") and a delegation of Taiwan's securities regulatory authority will visit the New York Stock Exchange (the "NYSE") and Nasdaq and The Depository Trust & Clearing Company (the "DTCC") in mid-September to engage in discussions with the US exchanges, leading US institutional investors and others to emphasize the advantages of Taiwan's stock market, enhance investor confidence in the Taiwanese capital market and attract foreign investment to Taiwan.

The visit marks the first high-level meeting between the TWSE, and both Nasdaq and NYSE in the past five years. The delegation will be led by Chen-Shan Chang, Director-General of the Securities and Futures Bureau, an arm of Taiwan's top financial regulatory authority, the Financial Supervisory Commission, and Sherman Lin, Chairman and CEO of the TWSE. They will engage in discussions with their US counterparts to seek advice and views on topics such as the US move to a T+1 settlement cycle, ESG issues, carbon trading and trends in clearance and settlement.

Lin said, "The meeting will be the largest in-person exchange activity between the TWSE and both Nasdaq and NYSE since 2017, when the TWSE visited the US to attract foreign capital. We highly value this meeting and look forward to the outcomes."

The US tops foreign capital in Taiwan with 40% share

According to the TWSE, foreign investors play a significant role in Taiwan's stock market. As of the close of 2022, the US accounted for over 40% of foreign capital in Taiwan's stock market, making it the largest source of foreign investment. Also, during the visit in September, the Taiwanese delegation will pay individual visits to around 18 US companies that hold a higher proportion of Taiwanese equities in their portfolios, including large-scale asset management companies, banks, index companies, and proxy advisors.

Lin added, "Taiwan places great importance on the US market and US investors. We hope to equip US investors with more in-depth knowledge of the investment potential in the Taiwanese capital market, establish stronger ties with institutional investors, and hence deepen our connections with the key legal representatives of these institutional investors."

With this visit to the US, the TWSE aims to provide institutional investors in New York and Boston with up-to-date key information on the Taiwanese securities market.

Foreign capital drives up Taiwan stock prices

Taiwan stocks, which have long been sought after by foreign investors, have surged by almost 60% over the past five years with the average daily trading volume more than doubling since 2017.

So far in 2023, the proportion of foreign capital in Taiwan stocks has exceeded 40%, which has driven up stock prices in Taiwan. According to data from the TWSE, as of July 31, Taiwan's stock market was up 21.27% for the year, second only to the Japanese stock market at 27.12% among Asian stock markets; and the accumulated net overbought position by foreign investors was approximately USD 9.2 billion.

The total revenue of listed companies in Taiwan hit a record high of USD 1.31 trillion in 2022, with an annual growth rate of more than 5%. Judging from the estimated distributable cash for dividends, the estimated dividend yield is close to 5%, ranking among the best in the world. Among the constituent stocks of the Taiwan stock index, listed companies in technology, semiconductors and electronic components have a combined weight of more than 50%.

Lin has introduced multiple new initiatives since taking office in July last year, including the innovative ESG InfoHub and Investment InfoHub - The Taiwan Markets Dashboard launched in July this year to establish a one-stop information service platform to further strengthen the TWSE's services for international investors.

Along with ESG InfoHub and Investment InfoHub, the TWSE also launched several new key measures in July, including the "Taiwan New Economy Industry Index", which covers the listed companies of four new categories, namely "Digital and Cloud Services", "Sports and Leisure", "Green Energy and Environmental Services", and "Household", as well as the "Taiwan Innovation Board Index" to highlight Taiwan's new economy companies. As part of the effort to promote the Innovation Board, Lin visited in person more than 100 companies with growth potential over the past year.

The Taiwan Carbon Solution Exchange was officially launched on August 7. Lin, who serves as the Chairman of TWSE, also holds the position of Chairman of Taiwan Carbon Solution Exchange.

Hashtag: #TWSE

The issuer is solely responsible for the content of this announcement.

About TWSE

The Taiwan Stock Exchange (the "TWSE") started operations on February 9, 1962. The TWSE is responsible for operating and advancing the Taiwan securities market. The TWSE's primary business operations include listing, trading, settlement and surveillance. These comprise listing promotion and review, post-listing supervision and corporate governance, maintaining market trading and order, securities firms' services, investor protection, clearing and settlement operations, safeguarding against market defaults and the monitoring of illegal transactions. The Exchange provides comprehensive services to the stock market.

The Times Features

How to buy a coffee machine

For coffee lovers, having a home coffee machine can transform your daily routine, allowing you to enjoy café-quality drinks without leaving your kitchen. But with so many optio...

In the Digital Age, Online Promotion Isn't Just an Option for Small Businesses – It's a Necessity

The shift to an online-first consumer landscape means small businesses must embrace digital promotion to not only survive but thrive in 2025. From expanding reach to fostering cu...

Sorbet Balls by bubbleme Bring Bite-Sized Cool Spin to Frozen Snacking

A cool new frozen treat is rolling into the ice-cream aisle at Woolworths stores nationwide. Dairy-free, gluten-free and free from artificial colours, bubbleme Sorbet Balls ar...

Mind-Body Balance: The Holistic Approach of Personal Training in Moonee Ponds

Key Highlights Discover the benefits of a holistic approach to personal training in Moonee Ponds and nearby Maribyrnong, including residents from Strathmore. Learn how mind-b...

How Online Platforms Empower You to Find Affordable Removalists and Electricity Plans

When you move into a new home, you have many tasks to do. You need to hire removalists and set up your electricity.  In this article, we discuss how online platforms empower you ...

IS ROSEMARY OIL THE SECRET TO BETTER HAIR DAYS? HERE’S WHAT IT CAN DO

Rosemary hair oil is a straightforward natural solution that delivers exceptional results for anyone who wants to enhance their haircare process. It maintains its status in herba...

Times Magazine

CNC Machining Meets Stage Design - Black Swan State Theatre Company & Tommotek

When artistry meets precision engineering, incredible things happen. That’s exactly what unfolded when Tommotek worked alongside the Black Swan State Theatre Company on several of their innovative stage productions. With tight deadlines and intrica...

Uniden Baby Video Monitor Review

Uniden has released another award-winning product as part of their ‘Baby Watch’ series. The BW4501 Baby Monitor is an easy to use camera for keeping eyes and ears on your little one. The camera is easy to set up and can be mounted to the wall or a...

Top Benefits of Hiring Commercial Electricians for Your Business

When it comes to business success, there are no two ways about it: qualified professionals are critical. While many specialists are needed, commercial electricians are among the most important to have on hand. They are directly involved in upholdin...

The Essential Guide to Transforming Office Spaces for Maximum Efficiency

Why Office Fitouts MatterA well-designed office can make all the difference in productivity, employee satisfaction, and client impressions. Businesses of all sizes are investing in updated office spaces to create environments that foster collaborat...

The A/B Testing Revolution: How AI Optimized Landing Pages Without Human Input

A/B testing was always integral to the web-based marketing world. Was there a button that converted better? Marketing could pit one against the other and see which option worked better. This was always through human observation, and over time, as d...

Using Countdown Timers in Email: Do They Really Increase Conversions?

In a world that's always on, where marketers are attempting to entice a subscriber and get them to convert on the same screen with one email, the power of urgency is sometimes the essential element needed. One of the most popular ways to create urg...

LayBy Shopping